Weekly Real Estate Monitor: September 27-30, 2021

Market Report provided by NAR

The 4-week rolling active listings rose 0.9% from the prior 4-week estimate. The 4- week rolling pending listings also rose 1.2% from the prior week, indicating that demand (pending listings) continues to outpace supply (active listings). Compared to one year ago, pending listings are down 7% while active listings are down 20% , indicating that supply remains tight and is lagging behind demand. The gap between the annual percent change in active and pending listings has narrowed compared to May 2021 when pending listings were up about 50% year-over-year while active listings were down about 40%